Firm Management February 4, 2025
RSM Reached $10 Billion Global Revenue Milestone in 2024
RSM is the sixth global accounting network to reach or exceed revenue of $10 billion in 2024, joining Deloitte, PwC, EY, KPMG, and BDO.
Firm Management February 4, 2025
BPM Creates Global Network of Firms
San Francisco-based top 35 accounting firm BPM launched a new international network, BPM Global Ltd., on Feb. 3 made up of independent member firms, with Australia-based Enspira Financial as its first.
Taxes February 3, 2025
Only 1 in 4 People Feel Confident About Filing Their Taxes, Survey Finds
From a fear of being audited by the IRS to a lack of familiarity with U.S. tax laws, people across the country have expressed a diverse range of emotions as the April 15 federal income tax deadline looms closer, according to findings from a new Adobe survey.
Taxes February 3, 2025
Tax Identity Theft Victims’ Wait Times Are Slowly Getting Shorter, Taxpayer Advocate Says
The IRS is slowly cutting the time it takes to assist taxpayers who have been victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said last week.
Mergers and Acquisitions February 3, 2025
Baker Tilly to Acquire Top 200 Firm Hancock Askew
The acquisition of Savannah, GA-based Hancock Askew strengthens Baker Tilly's presence in the Southeast, enhancing its ability to provide clients with expanded resources, innovative solutions, and a seamless service experience, the top 10 firm said Feb. 3.
Taxes January 31, 2025
Top 10 States Whose Residents Are Most Eager for Their Tax Refund
A new study from LLC.org has found that tax refund anticipation is particularly pronounced in southern states, many of which have the lowest median household incomes in the U.S.
Firm Management January 31, 2025
Platform Accounting Group Expands in New York City
Holladay, UT-based Platform Accounting Group has added New York City-based AKM Advisors, formerly known as Adelman Katz & Mond, an accounting firm that has been in practice for more than 35 years and offers a wide range of financial services to clients.
Taxes January 31, 2025
AICPA Asks IRS to Lessen Burden on Tax-Exempt Organizations in Foreign Filing Process
In a letter submitted to the IRS on Jan. 27, the AICPA requested that the tax agency and the Treasury Department provide exemptions to, or streamlined reporting for, certain foreign filings required by exempt organizations.
Technology January 31, 2025
Acumatica to Debut AI Studio, Acumatica Labs in 2025
Cloud enterprise resource planning provider Acumatica announced this week several updates and enhancements it will release in 2025 for small and midsized businesses.
Mergers and Acquisitions January 30, 2025
Grassi Merges in Anstiss & Co. in Massachusetts
The New York City-based top 60 firm has expanded its presence in Massachusetts by combining with Anstiss, a CPA firm located in Chelmsford.
IRS January 30, 2025
Taxpayer Advocate, AICPA Back Bipartisan Draft Bill to Improve IRS Administration
A discussion draft, released Thursday by Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR), that proposes several ways to fix IRS procedures and administration has strong support from National Taxpayer Advocate Erin Collins and the AICPA.
Auditing January 30, 2025
PCAOB Posts Staff Video on Audit Firm Risk Assessment Processes Under New QC Standard
The audit firm’s risk assessment process is the basis for a risk-based approach to the design, implementation, and operation of the firm’s quality control system, the PCAOB said.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
